Versorgungswerk der Rechtsanwälte in Berlin

Versorgungswerk der Rechtsanwälte in Berlin

Versorgungswerk der Rechtsanwälte in Berlin operates as a public law corporation (Körperschaft des öffentlichen Rechts), providing mandatory old-age, disability, and survivor benefits exclusively for lawyers admitted to the Berlin bar. The scheme is supervised by the Senate Administration for Justice, Consumer Protection, and Anti-Discrimination. Managing Director Rolf Schnitzler oversees the institution alongside Executive Secretary Dr. Vera von Doetinchem de Rande, while the investment function has been led by Daniel Wolbert since October 2024, following his tenure at Verka-Verbund. The institution allocates across a multi-asset portfolio that includes indirect real estate focused on mixed-use properties primarily in Germany, a global infrastructure portfolio, and global timberland investments. Its strategy is categorized under a buyout posture. The fund participates in the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen (ABV), the umbrella organization representing 91 German professional pension schemes, which creates a framework for shared intelligence and co-investment dialogue among peer institutions. Daniel Wolbert took over as Head of Investment in October 2024, bringing experience from Verka-Verbund and the impact venture space. His arrival signals a potential phase of modernization for the investment office. The scheme maintains a small but effective in-house team and leverages partnerships and fund commitments to execute on its global real-asset allocations. Unlike many large German pension schemes that have diversified heavily into liquid markets, the Versorgungswerk der Rechtsanwälte in Berlin maintains a deliberate structural tilt toward real assets, emphasizing real estate, infrastructure, and timberland. This hard-asset orientation, combined with its compulsory membership base of Berlin lawyers, creates a distinct liability-matching investment rationale centered on stable, long-duration cash flows.